GasBuddy: The price per gallon is rising nationally and locally – but the trend is expected to slow

According to a GasBuddy survey of 2,158 Colorado gas stations, average gasoline prices in Colorado have increased 17.7 cents per gallon over the last week and now average $3.32 per gram. Prices in Colorado are 17, 8 cents per gallon higher than a month ago and 3.6 cents per gallon higher than a year ago. The national average price for diesel fell 3.3 cents last week to $3.86 per gallon.

According to GasBuddy price reports, the cheapest station in Colorado yesterday was priced at $2.84/g, while the most expensive was $4.07/g, a difference of $1.23/g. The lowest price in the state yesterday was $2.84/g while the highest was $4.07/g, a difference of $1.23/g.

According to AutoBlog, in the Aspen area, regular gas was $4.99 at the Main Street station, $4.93 at ABC, $4.89 at Snowmass Village and at the Highway 82 turnoff to Old Snowmass 4 .39 US dollars.

The national average price of gasoline has fallen 3.5 cents per gallon in the last week and today averages $3.55/g. According to GasBuddy data compiled from more than 11 million weekly price reports from more than 150,000 gas stations nationwide, the national average fell 12.0 cents per gallon compared to last month and is 2.2 cents per gallon higher a year.

Historical gasoline prices in Colorado and the ten-year national average:

May 20, 2023: $3.29/g (US average: $3.53/g)

May 20, 2022: $4.11/g (US average: $4.60/g)

May 20, 2021: $3.10/g (US average: $3.04/g)

May 20, 2020: $1.92/g (US average: $1.92/g)

May 20, 2019: $2.90/g (US average: $2.84/g)

May 20, 2018: $2.87/g (US average: $2.92/g)

May 20, 2017: $2.35/g (US average: $2.35/g)

May 20, 2016: $2.20/g (US average: $2.28/g)

May 20, 2015: $2.58/g (US average: $2.73/g)

May 20, 2014: $3.45/g (US average: $3.64/g)

Adjacent areas and their current gas prices:

Fort Collins – $3.29/g, up 17.0 cents per gallon from last week’s $3.12/g.

Colorado Springs – $3.34/g, up 24.7 cents per gallon from last week's $3.10/g.

Denver – $3.31/g, up 21.4 cents per gallon from last week's $3.10/g.

“The news for drivers continues to be good ahead of Memorial Day as gasoline prices fall again, marking four straight weeks of declining national average prices as we approach the start of the summer driving season,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The good news doesn’t necessarily end there. GasBuddy's summer travel forecast, out tomorrow, will continue to bring mostly good news to drivers for the rest of the summer, predicting that gas prices will remain well below record levels over the next few months and should fall further as we get closer to the Fourth of July. While the Middle East, hurricane season, refinery maintenance and other unexpected disruptions or weather conditions remain unpredictable, this summer is shaping up to be mostly favorable for drivers taking to the road.”